Rawalpindi: The authorities concerned recently shared the details of the price of land earmarked for acquisition for the development of the Rawalpindi Ring Road (RRR) project, according to a news source. As per the publication, the respective rates of land located within different mouzas of the city have been forwarded to the Punjab Board of Revenue (BOR) for approval.
Reportedly, the rates for selected tracts of land for the RRR project fall between the range of PKR 60,000 and PKR 300,000. Once the BOR approves of the rates, the landowners will be invited to present any objections they might have on the matter, after which the section 4 notification for land acquisition will be issued.
The payments to be made to the landowners will be
transferred in the account of the Rawalpindi Development Authority (RDA)’s Land
Acquisition Collector soon.
In the first phase of the land acquisition process, properties in 32 mouzas will be purchased that are located on the RRR route that connects the Radio Pakistan Building on GT Road, Rawat with Mouza Murat. The length of this part of the ring road is estimated to be 38 kilometres.
After the section 4 notification for land acquisition under
the project’s phase I is issued, the section 4 notification to determine
property value falling on the route connecting Mouza Murat and Sangjani will be
issued. The length of this part of the ring road is 27 kilometres.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
